Draghi's Stimulus Effect Fizzles as Euro Rallies to Reverse Drop

Updated on
  • ECB president says he sees no need for more interest-rate cuts
  • Daily price swing is widest since Dec. 3 central-bank meeting

ECB Cuts Three Main Interest Rates, Expands QE

It took less than 90 minutes for the euro to reverse all of the decline sparked by the European Central Bank’s package of monetary stimulus.

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